Pienaar's BEE deal

June 18, 2007

CAPE TOWN-based Pienaar Bros, owned and managed as a family business for over 45years, has recently confirmed a sale of 25.1% of its shares to a black business partner, Montsi Investments and its associates. “It took Pienaar Bros. over two years to find the right business partner...

Montsi Investments, led by Sam Montsi, has a similar approach to business and is able to add value as well as substance and longevity. We are proud to again be a ‘legitimate South African business’ and look forward to feeling part of the mainstream again,” says MD Howard Spiro.

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